The panic index today is 50, maintaining a neutral state.
Yesterday, both data points from the U.S. indicated that the economic situation in the United States is still quite good, which may have reduced the basis for interest rate cuts, leading to a rather volatile cryptocurrency market. BTC has stabilized slightly at 112,000, while ETH is still hovering around 4,500 dollars.
Tonight, the U.S. will release GDP and core PCE data, with core PCE being one of the important indicators the Federal Reserve uses to assess interest rate adjustments. This is the price index for personal consumption expenditures, in other words, a measure of inflation. Therefore, it is expected that the market will focus on this data tonight. If it exceeds expectations, the market trend will be negatively impacted, as unfavorable economic data regarding interest rate cuts has appeared for two consecutive days.